Study estimates Bitcoin will use half a percent of the world’s electric energy by end of 2018
Green Car Congress
MAY 16, 2018
GW annually, which means it uses almost as much electricity as Ireland. de Vries (2018). Economic principles suggest that the entire Bitcoin network will eventually reach an equilibrium in which the costs of the hardware and electricity used to mine equal the value of the Bitcoin being mined. That would be quite bad. ”.
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